Makemyinvest Tradesting Newsletter
Weekly Learning & Market Insights – Issue #018
​05 Sep 2026

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Direction • Decision • Discipline

Sector Spotlight

The Week That Moved Markets

ITC

• ITC Infotech announced a proposed merger with Happiest Minds Technologies, alongside ITC’s plan to acquire a 22% stake in Happiest Minds, creating a significant restructuring in the IT-services portfolio.

Happiest Minds Technologies

• The company approved the proposed merger with ITC Infotech, with the transaction subject to shareholder and regulatory approvals and a change in the company’s ownership structure.

Maruti Suzuki India

• Announced an investment plan of about ₹77,500 crore for FY27–FY31, focused on expanding manufacturing capacity, new models, technology and R&D capabilities.

Bajaj Auto

• Reported a 28% year-on-year increase in August sales, supported particularly by strong export volumes, keeping the two-wheeler and export-demand outlook in focus.

Inox Wind

• Secured a ₹755 crore turnkey order from Indian Oil for a 100 MW wind-energy project, adding to its order book and renewable-energy execution pipeline.

Persistent Systems

• Its board approved a proposal to raise up to $1.25 billion, providing additional capital for expansion and potential strategic initiatives.

India Glycols

• Its three-way demerger became effective from September 1, with the restructuring separating the company’s businesses into three entities.

Solar Industries India

• Clarified that reports of potential acquisition discussions involving a South African business were speculative, removing uncertainty around the reported transaction.

Hexaware Technologies

• CEO and Whole-Time Director Srikrishna Ramakarthikeyan announced his resignation, with the leadership transition scheduled to take effect later in October.

Ola Electric

• Its board moved to consider a fresh fundraising proposal of up to ₹1,500 crore through permitted equity or equity-linked routes, while the company also announced a senior-management change.

🌍 Major Global Developments This Week

US–Iran Conflict

• US–Iran tensions escalated further, with renewed military action and attacks involving commercial and energy assets increasing concerns over regional stability and global energy supplies.

Strait of Hormuz

• Shipping activity through the strategic waterway remained well below normal levels, keeping the global oil and LNG supply chain vulnerable to further disruptions.

US–China Trade Relations

• Trade and technology restrictions remained an important market theme as the US continued tightening controls around strategic technologies, including drones and robotics.

Russia–Ukraine Conflict

• Continued attacks on energy infrastructure, including Russian refinery facilities, added another layer of uncertainty to global fuel and refined-product supplies.

Global Technology Sector

• Investors continued reassessing the scale of AI-related capital expenditure and valuations following strong results and major strategic developments across the global technology industry.

Global Risk Appetite

• International equity flows weakened as investors became more cautious around US interest-rate expectations, geopolitical risks and elevated valuations in parts of the technology sector.

🏛️ Economic & Policy Developments

India GDP

• India’s real GDP grew 7.8% year-on-year in Q1 FY27, exceeding expectations and highlighting continued resilience in domestic economic activity despite global uncertainties.

India GST Collections

• Gross GST collections rose 14.8% year-on-year to ₹1.99 lakh crore in August, with import-related collections showing particularly strong growth.

India Services PMI

• Services activity improved to 54.1 in August from 53.3 in July, while services-sector employment reached a 15-month high.

China Manufacturing PMI

• China’s manufacturing activity strengthened in August, with the manufacturing PMI rising to 51.5 as output, new orders and export orders improved.

Eurozone Inflation

• Eurozone inflation accelerated to 3.3% in August from 2.9% in July, largely because of higher energy prices, increasing pressure on the European Central Bank’s policy outlook.

US Employment

• US non-farm payrolls increased by 162,000 in August while unemployment remained at 4.1%, strengthening the focus on the Federal Reserve’s upcoming interest-rate decision.

🛢️ Commodities & Currency Developments

Crude Oil

• Brent crude gained roughly 6–8% during the week as renewed US–Iran hostilities and uncertainty around the Strait of Hormuz increased concerns about global supply disruptions.

Natural Gas

• US natural-gas prices moved to an eight-week high as stronger LNG flows and changing weather expectations increased demand for gas supplies.

Gold

• Gold prices came under pressure after stronger US employment data increased expectations of tighter Federal Reserve policy and supported the US dollar.

Silver

• Silver also declined toward the end of the week as stronger US labour-market data pushed Treasury yields and interest-rate expectations higher.

US Dollar Index

• The dollar rebounded late in the week after the stronger US jobs report increased expectations that the Federal Reserve could maintain a tighter policy stance.

Indian Rupee

• The rupee remained under pressure from higher crude prices, a stronger dollar and foreign portfolio outflows, keeping currency movements important for import-sensitive sectors.

📖 Why It Matters

• India’s 7.8% GDP growth and strong GST collections point to resilient domestic economic activity, although parts of the manufacturing sector remain softer.
• The combination of higher crude prices and Middle East tensions remains important for inflation, the rupee, transportation costs and corporate margins.
• Strong US employment data has shifted attention toward the Federal Reserve’s interest-rate path, affecting global yields, the dollar, equities and precious metals.
• Corporate activity remains concentrated around AI, technology, renewable energy, manufacturing capacity and strategic restructuring.
• Foreign investor selling, higher global yields and geopolitical uncertainty continue to create cross-currents for Indian equities.

Concept of the Week

Breakout & Retest

A breakout occurs when price decisively moves beyond an important support or resistance level.

A retest happens when price comes back to that broken level and checks whether it now acts as the opposite level.

Think of it as:

Resistance → Breakout → Retest → Potential Support

How It Works

For a bullish setup:

1. Price repeatedly struggles near a resistance zone.
2. Price breaks above that resistance.
3. Price pulls back toward the breakout area.
4. The old resistance holds as new support.
5. Buyers step in and price resumes upward.

The same concept works in reverse for bearish breakdowns.

Example — NIFTY

Suppose NIFTY repeatedly faces resistance around 25,000.

• NIFTY breaks above 25,000 and reaches 25,250.
• It then falls back toward 25,000.
• Selling fails to push it decisively below 25,000.
• Buyers appear and NIFTY moves toward 25,400.

Here, the 25,000 zone has potentially changed from resistance into support.

Why It Matters

Instead of buying immediately when a breakout occurs, traders can sometimes wait for the retest.

This may provide:

• Better entry location
• More logical stop-loss placement
• Improved risk-reward
• Confirmation that the breakout level is being respected

Common Mistake

Not every breakout will retest.

And not every retest will hold.

A false breakout can occur when price moves above resistance, attracts buyers, and then quickly falls back below the level.

Key Takeaway

Pro Tip

Don't treat support and resistance as exact single-price lines. Think in terms of zones.

For example, instead of saying resistance is exactly 25,000, consider a zone such as 24,950–25,050, depending on the price action.
​

Community Win

Wisdom of the Week

Learning Takeaway

Don’t blame the market before examining your process.
Every loss is an opportunity to test whether your original reasoning was sound.
​Action lesson: After every failed trade or investment, review the thesis before making the next decision.

My Content of This Week

​

​YouTube Video Link​

​LinkedIn Post Link​

Book I Am Reading and Recommend

Keep Learning. Keep Tradesting!!! 🚀

Cheers,
​Tapas Chandra
​SEBI Registered Research Analyst | INH000026381
PGP (Research Analysis) | CMT Level-2 Cleared |
Author – Invest or Regret | Ex-JPMorgan Chase

Questions, insights, or lessons from the markets this week?
​Just hit reply—we read every message and appreciate hearing from our readers.
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